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Search Results 0 to 49 of about 107 (some duplicates have been removed)
MSNBC
Dec 26, 2012 6:00am PST
>> president obama and congress are miles apart, but with the president cutting his vacation short, is there time for a resolution. the srkd term shuffle is getting complicated. >> chinese food for former president bush surrounded by family. still in a houston hospital after his health has taken a turn for the worst. good morning. it's wednesday, the day after christmas and this is "the daily rundown" and i'm luke russert for chuck todd. just more day in paradise for president obama while the rest of the family stays in hawaii. he will head back later this evening. he did take out with the first lady to express gratitude with service members on behalf of the nation. >> we know it's not easy, but what we also want you to know is you have the entire country behind you and all of us understand that we would be nowhere without the extraordinary service that you provide. i want to say thank you and we love you. >> kristen welker is live in honolulu. it's early in the morning there, but president obama traveling home to d.c. 10:00 p.m. hawaii time. there doesn't seem to be a lot of urgen
MSNBC
Dec 26, 2012 8:00am PST
congress and surf the rough political waters to get a deal in time? >> i think he's doing all he can and calving hell at the same time and there's give, give. i think it's very, very difficult, particularly after boehner's plan "b" failed. >> the key issue i think and the american people are catching on is that the problem that we have is we have a right wing political figure in the house way, way, way out of touch of what the american people are thinking. >>> there's early economic sinls that the uncertainty over the cliff may have clayed the role of scrooge this holiday season. early holiday numbers point to the worst year to year growth since 2008. >>> i think the president is steward of this economy needs to try to reach the big compromise with speaker boehner and the two men came very close. >> all right. let's check in and say good morning to nbc news correspondent mike vi cara now. >> they have indicated they would be back on the 27th and doing the math and take in to account the time zone differences, the president will be arriving back in washington. wheels down on the white
CBS
Dec 26, 2012 4:00am PST
dianne feinstein. getting it through congress quickly is highly unlikely, but the mere mention of a ban is enough to send sales soaring and, it's not just guns. brownells said it recently sold more than three and a half years worth of ar-15 magazines in three days. even before newtown, sales of guns and ammunition this year were surging. fbi background checks of potential gun buyers were up 31% in november 2012 over 2011. in a report issued prior to newtown, the market research firm ida's world that tracks the gun industry, found gun enthesists are working themselves into a frenzy over what another four years under the obama administration may hold for gun laws. chuck is an instructor at nova firearms in falls church, virginia, where they nearly sold out of ar-15's and high capacity magazines after newtown. >> so ironically this shooting is inspiring more people to buy this gun, the ar-15 and the high round magazines? >> if i could, i would give senator feinstein and the president salesmen of the year awards. >> reporter: senator feinstein plans to introduce her bill to ban the sale or
MSNBC
Dec 26, 2012 10:00am PST
starts tanking, they are going to be in trouble. >> as we've seen with congress, they are willing to take that gamble. during one of the votes during the fiscal implosion in 2008, at first congress wouldn't vote for it. the market plunged 500, 700 points. sometimes congress needs to have that sort of come to jesus moment with the markets before they get anything done. >> it will be interesting to see if they can do it. in terms of other news going on in washington, we know chuck hagel is getting pelted from the left and the right, man without a country. are you surprised that the obama administration hasn't stepped up the reference to sort of shield him a little bit, beings he's for all intents and purposes the nominee for the defense secretary? >> the administration has done everything they can. chuck hagel is like a man, who was like susan rice, not nominated for anything. susan rice took a pelting for a job she was not officially nominated for. chuck hagel is someone who hasn't been nominated for secretary of defense but is someone who is rumored to be that person. i think we saw
CBS
Dec 25, 2012 5:30pm PST
proposed by california democratic senator dianne feinstein. getting it through congress quickly is highly unlikely, but the mere mention of a ban is enough to send sales soaring. and it's not just guns. brownell's, the world's largest firearm supplier, said it morently sold more than three- and-a-half years worth of a.r.- ag magazines in three days. even before newtown, sales of guns and ammunition this year were surging. chb.i. background checks of intential gun buyers were up 31% 20 november 2012 over 2011. in a report issued prior to newtown, the market research rack ibis world, which tracks the gun industry, found gun venthusiasts are working dermselves into a frenzy over what another four years under the obama administration may hold for gun laws." an instructor at nova firearms re falls church, virginia, where hey nearly sold out of a.r.-15s and high-capacity magazines after newtown. so, ironically, this shooting is a.spiring more people to buy this gun, the a.r.-15, and these mgh-round magazines. >> if i could, i would give ynator feinstein and the president "salesman of the year"
ABC
Dec 26, 2012 4:00am EST
burden is now on them to try to strike some sort of a deal. that's because on friday before congress left for christmas, the house was unable to get any sort of a deal passed through. >> and, reena, give us a play-by-play. what can we expect this week? where will the white house be focusing their efforts? >> reporter: right. as i mentioned, capitol hill, now, taking the emphasis over at the senate side. the other concern that the white house does have is to make sure they come to their different party lines. the democrats want to see, obviously, the middle class not faced with any sort of tax hike. which there are $500 billion of tax hikes expected on january 1st. republicans are saying that spending cuts. they want to see more of that. and democrats do not want to go off of their focus on where they are right now, to get to that point. that's really a big divide that both the white house and capitol hill is facing right now. >> let's look at everyone left for christmas break. this seemed like it was going nowhere. is there any hope over the next few days that a deal is going to be r
CSPAN
Dec 26, 2012 5:00pm EST
are putting their lives on the line for us, and we on this committee and in this congress have no less of a duty to them. i yield back the balance of my time coming and i am pleased to yield to my good friend, the ranking member mr. berman of california. >> thank you very much, madam share, for convening this hearing to continue our examination of how we should give our government officials serving around the world the necessary protection to carry out their jobs. first i would like to wish secretary clinton a speedy recovery and hope she gets some well-deserved rest. as she nears the end of her service as the secretary of state, i think it is inappropriate time to recognize the strong and steadfast leadership she has demonstrated over the past four years. among her achievements, she has the the problems of women and girls in the forefront and helped make their voices heard around the world. the secretary has brought needed attention to the danger of the repressive governments including the important emphasis on the internet freedom. she initiated the quadrennial diplomacy and dev
MSNBC
Dec 26, 2012 7:00am PST
washington. congress is also coming back tomorrow. there's less than one week left to avert the tax hikes and automatic cuts that go in to effect january the 1st. it looks like any deal will be a lot smaller than everyone want. >> realistically, i personally i don't think we'll get the big plan in the next six days. be great if we could . >> but this morning, bernie sanders said the blame is with the republicans. >> there's really a great deal of concern that the republican party failed to do anything. that it seems that in the house now boehner has no control over his extreme right wing faction. >>> want to bring in david nakamara and meredith shiner. david, i'll start with you. you know, the president coming back for appearance sake as some might say or, you know, when we look at what he can do tomorrow what might he have in the works here? >> richard, i think to get a look at that, look at friday scaling down the proposal. he said i want a big deal ultimately but before the new year we don't have time and probably going to work with senate -- the senate to sort of come up with a possib
NBC
Dec 26, 2012 6:00am EST
the latest. >> congress is heading backed to washington tomorrow. any plan may come down to the wire. president obama spent part of his christmas greeting troops in hawaii. >> we have the finest military in the world. >> tonight he leaves for washington and a state of gridlock as lawmakers struggle to come to a compromise. members of the house and senate are heading back to capitol hill tomorrow. the present hopes the break would provide some perspective. >> everybody can drink some eggnog and have some christmas cookies. >> and return to washington after john boehner failed to get enough support for a plan b that would raise taxes on those making more than a million dollars a year. >> what the present has offered will not do anything to solve our spending problems and begin to address our nation's crippling debt. >> with the january 1 deadline quickly approaching, some are worried we could fall off. >> if that happens, it would be the most colossal act of congressional irresponsibility in a long time. >> the president is expected to arrive tomorrow morning. hallie jackson, wbal-tv 1
FOX
Dec 26, 2012 4:00am PST
. > > right. it might not happen early in the year, we will have to see. i expect congress and the president are still going to be fighting about what our taxes are going to be early in the year. but eventually, maybe late traders head back to a post- holiday trading session. what's in store for the shortened week. in today's cover story, minimum wage is on the rise. the effect on the labor market. plus, scammers have been naughty this holiday season. why checking your credit card statement is a nice idea. the financial pitfalls that could put a snag in your savings in 2013. and, bad business blunders. how corporations this year are attempting to recover reputations. first business starts now. you're watching first business: financial news, analysis, and today's investment ideas. good morning. it's wednesday, december 26th. i'm angela miles. in today's first look: the final trading days of 2012. stocks are closing in on the 4th straight year of gains. as of last week, the dow was up roughly 7%. the s&p climbed 13%. and - are you ready for this? - the nasdaq is up around 20%. herbal
CNN
Dec 26, 2012 1:00pm PST
congress keep the country from going off the fiscal cliff? >>> a dangerous winter storm roaring across the eastern half of the u.s. bringing blizzard conditions and travel nightmares. plus, the nra's controversial proposal to put armed volunteers in every school, we'll go in-depth with the man in charge of the national school shield program. i'm joe johns. you're in "the situation room." the u.s. is now just six days away from the so-called fiscal cliff. and a mad scramble is on here in washington to avoid the drastic tax hikes and spending cuts that many fear will plunge the economy back into recession. president obama flies back from hawaii tonight to be ready if the senate comes back with a plan when it returns to work tomorrow. and house leaders are huddling with members on stand-by to return. senior congressional correspondent dana bash is following all of it for us. what are you hearing? >> there was a conference call of course members of the house leadership even, they're back in their districts, but there was a conference call today among those house republican leaders trying to fi
CSPAN
Dec 26, 2012 1:00pm EST
107th congress laying out this plan. i told you so doesn't get you much in life or in this town certainly. but when i reflect back on my service and tenure here, i do wish i would have been able to more successfully persuade my colleagues to take a different course. i wonder how much different would the circumstance be facing the country had that proposal been adopted instead of the bush era tax cuts which were shoe horned into a ten year period because they knew they couldn't pay for them beyond the ten years. and they were limited by budget rules in the senate. so they shoe horned these oversized tax cuts into a ten- year plan that created the cliff that we confront today. so this was a man made problem and it's given to man made solution. it doesn't do much good to look back now. what we need to do is spend our efforts and energy in trying to achieve a plan that will carry us forward. i still am optimistic we can do that. i'm hopeful that we will do it. if we don't do it in the next several weeks before the new year, i hope it is done immediately there after. i think it would
CNN
Dec 26, 2012 11:00am PST
tomorrow, just as a deadlocked congress reconvenes days ahead of the so-called fiscal cliff. you're just six days from feeling this. now, first hit is coming on january 1st when your take home pay will drop by 2% because of a scheduled hike in the social security payroll tax. that's just the start. income taxes are set to climb too. and you'll notice that when employer gets to around the adjusted withholding, the government spending cuts, those are also scheduled for january 1st and bound to slow the economy and some argue they'll weaken the military. congress has seen this coming, but an effort to limit the damage failed last week. republican house speaker john boehner could not persuade enough members of his party to let tax rates rise on incomes over a million dollars while sparing everyone else. dana bash is our senior congressional correspondent. dana, this time tomorrow, the president is supposed to be back, having cut his trip to hawaii short, the first lady, the girls are staying in hawaii. the senate is supposed to convene, but not necessarily the house. what is going to ha
MSNBC
Dec 26, 2012 5:00am PST
chief of staff and the army, a combat expert went before congress and was asked by a senator, how many troops do you think it will take to stabilize the place? he was shot down that day by a secretary of defense and almost disgraced. how can you possibly need more to cure a place after you take it? he was right and pretty much cutoff at the knees. there were others like that. a senior officer who knew better, but the voices didn't carry the day. when baghdad fell, everybody was cheering and that was good. no doubt our troops can do that. as i said in the book, that's not the end of a concept. >> was it tommy frank's responsibility to speak out and say we need more troops? >> i don't know what time he did or did not. they were focused on trying to see if they can do it with a minimum number of troops. they could. baghdad fell quickly. the iraqi army is not what it was years ago. once it fell, it didn't mean the conflict was over. >> general, you speak and write candidly in the book, february 5th, 2003, the day you remember as much as your own birthday for all the wrong reasons. the init
FOX Business
Dec 26, 2012 12:00am EST
is making us rich. >> that's right. every year congress gives the fossil fuel industry over $10billion in subsidies. that is your tax dollars lining our pockets, making a fortune, devoiding your kid's future. at exxon that is what we call good business. melissa: joining me now in a fox business exclusive is the executive director of oil change international. it is one of the groups behind the ad. steve, welcome to the show. >> thanks so much for having me. melissa: i understand that this is a parody and it is meant to start the discussion and that's why we're having you on tonight and i'm going to rise right to the bait and tell you as a mom of small kids and someone who follows industry closely i'm totally offended how disingenuous the words in your ad are. let's start with some of them. you say congress gives the fossil fuel industries, 10 dal billion your subsidies? no they're not. they're exxon hard-earned profit. not giving them to the government to feed the beast that keeps spending and spending our money. instead they're allowed to hang onto a small portion of their p
MSNBC
Dec 26, 2012 2:00pm PST
sides the white house and the congress advocating their way of getting it done. >> the barrel they're riding in them, the dysfunction around them. >> house republicans have walked away. i was there at the house conference meeting when he says we're not having a vote on plan "b." we're in this horrible standpoint right now. asking harry reid to ask and president obama to act. >> harry reid's his lifeline. let me ask you this. everybody watches politics. this isn't cnbc here, it's politics. let's get a couple things straight. you say right now that today it's a democratic advantage. obama looks like the guy is trying to get it done. republicans are the holdouts. >> it's not just me. look at the gallup reports. republicans have been going down. >> obama's 54%. right now it's a democratic advantage. >> democratic advantage right now. >> midnight monday still a democratic advantage? >> no. if you go over the cliff, everyone's in trouble. >> wednesday morning next week which is only a week away and we're into 2013 and no deal's been made, do you accept the fact that both guys are in
CSPAN
Dec 26, 2012 7:00am EST
of optimism or lack of it is prevalent in the papers. wednesday with congress and the president heading back to washington. here is a headline on "usa today." in the wall street journal -- if the in "the washington post." we welcome your phone calls. we will get to them in a moment. we did find another piece at politico. there you have it in the papers this morning about people being optimistic or pessimistic about things. i want to dig a little bit deeper into "the wall street journal" piece. i we will probably see some what of a flurry of activity tomorrow. if first call. what is your name and where are you calling from? i think that caller is gone. let's try the next call. caller: i am optimistic because this is a great country. we are one nation under god that. i think people ought to turn to their faith during these times because we have always needed to through hard times. host: how will this play in washington but the fiscal glove? caller: i think the republicans are going to have to give it more than the democrats. president obama is basically going to do with the people
FOX Business
Dec 25, 2012 9:00pm EST
gerri: hello, everybody, i'm gerri willis. one of the big issues congress is promising to tackle is immigration. congress passed the jobs act replaces green card lottery to permanent visas to those with doctorates in science, technology, engineering and math. two outgoing republican senators introducing legislation granting residence to those bought in the country illegally. though call it the achieve act, similar to the d.r.e.a.m. act. i spoke to one. bill's cosponsors, senator kay bailey hutchison. welcome to you here. how is your legislation different than the d.r.e.a.m. act? >> our legislation gives legal status to the young people in conundrum. they have grown up here. this is the country they know yet they are illegal because their parents brought them here before they were 14 years old. but we don't go into a citizenship track. we allow them to get in line behind the people who have been lawful and waited in line. so we don't give them a preference in line but we do give them a legal status and we don't prohibit them from getting in line if they choose to go the citizenship r
CSPAN
Dec 26, 2012 9:00am EST
think everybody knows that not so long ago congress passed a law called the defense of marriage act, which says marriage is between a man and woman. entity come from a state that recognizes same-sex marriage, like massachusetts, like new york, know what the state has to recognize that marriage. and it won't be recognized by any federal purposes, for example, social security. there has been a challenge to the constitutionality of that at -- that act. the court of appeals upheld it unconstitutional. the review has been filed in the supreme court. we haven't acted on it yet but it would be extraordinary for the court to act, to consider the constitutionality of a law passed by congress that a lower court had held unconstitutional. so i think it's most likely that we will have that issue before the court, toward the end of the current term. and then the person who asked the question will -- [inaudible] have the answer. >> another question comes from the auditorium. the lilly ledbetter case, one where you wrote a very emotionally charged dissent, that you, as i recall, read from the bran
SFGTV
Dec 26, 2012 9:30am PST
more, along with the president of the united states and congress to act. and, in fact, i joined over 750 other mayors across this country, using social media and the technology that's available to us today to signal a demand to our congress that we really need a plan and a plan and an action to follow that, to ban these assault weapons and to make sure that we do everything we can to create a higher level of safety throughout the country. assault weapons and the types of things that we've seen in the hands of people who are doing evil or can do evil really have no place, in the home or in the schools or in our streets. and, so, with that we ask ourselves what we can do locally. i also want to recognize the three state senators, senator de leon, state senator leland yee and state senator ted gains, all three of which are sponsoring some five different pieces of state legislation aimed at banning assault weapons and munitions, getting higher levels of background checks and registries, and also i think senator gains is attempting to also make sure that those that have backgrounds of men
NBC
Dec 26, 2012 6:30pm EST
fashion, where members of congress are deeply grid locked with no sign of coming together, then we're likely to go over and stay over. and that's very problematic. >> reporter: going over the cliff would restore higher bush era tax rates and trigger deep spending cuts on january 1st. congress set up the harsh mechani mechanism, hoping it would force a compmise, but it hasn't. >> washington remains on square one in the fiscal cliff talks. >> reporter: congress reached this brink before christmas when speaker john boehner failed to get enough house republicans to support his solution, threw up his hands and said it's up to leader reid and the president. >> how we get there, god only knows. >> reporter: aides say reid's plan would avoid tax increases for people making less than $250,000, eliminate spending cuts and restore unemployment benefits. >> what needs to happen now is for a sense of desperation among lawmakers to kick in and realize that if we go past january 1st with no deal, the markets are likely to decline in a significant way and alarm most americans. they don't want t
FOX News
Dec 26, 2012 1:00pm PST
things to think about, especially with congress people home in their districts for christmas. flight cancellations, three thro four hour delays at philadelphia. daniel baker is c.e.o. of flightaware.com. what if there are a bunch of shut in airports in the northeast and these congress people need to get back to washington, d.c.? maybe for a vote. are they going to be able to? >> that's a big question and it's unknown. this is a big storm and it hasn't even had the full impact in d.c. and new york. and it's going to get a lot worse before it gets better. like you said, there's winds that are looking like 40, 50 miles an hour hitting new york soon and they're seeing tremendous delays. the good news is this isn't the kind of storm that leaves multiple feet of snow and blankets runways and ice. we don't see days and days of cancelingations like past winter storms. some of the delays that they're experiencing in the northeast are just a cascading delay from indianapolis, chicago, dallas. the brunt of the storm hasn't hit the northeast yet. >> chicago, newark, houston, but the effects are
MSNBC
Dec 26, 2012 9:00am PST
-point drop in the number of americans who think congress will negotiate a deal on the fiscal cliff. that's not all, holiday spending also hit its lowest rate since the 2008 recession, which retailers are blaming on the uncertainty in washington. so where do we go from here? well, since the house failed to get a vote on the tax package last week, all eyes are on the senate. a temporary deal that would basically extend all the tax cuts for those making under a quarter million. the deal would also rescue long-term unemployment benefits and instead of addressing those automatic spending cuts we've all heard about that are set for january 1st, this temporary deal would delay them for another six months. few are optimistic this new plan, if we do go over the clifr, would work out. so what would half if we go over the cliff? the payroll tax holiday will expire on new year's day. that means most people will start paying more taxes in each paycheck. another 21 million americans would lose federal emergency unemployment benefits and those, let's remember, are people struggling the most right
CNBC
Dec 26, 2012 5:00am EST
will go up for nearly every american. dramatic spending cuts will kick in. president obama and congress will be back from vacation tomorrow. but will anything get done? >>> plus, wild winter weather sweeping through the country. we'll bring you the latest details on which part of the u.s. could be hit next. cnbc's "worldwide exchange" starts now. >>> and welcome to a special edition of reside worldwide. ross andcle reoff today for boxes day in -- kelly are off today for boxing day. for now, you is us. >> we'll start with a brief check on the markets. energy and metals are trading higher now, wtis up about 55 cents. brent crude up 65 cents. also want to check in on the gold price, as well. gold right now down about slightly under the flat line there, 1,-658. well below the 1,700 mark. the cme globex has been closed for christmas. it's going to reopen at 6:00 a.m. eastern time. that goes for treasuries and the foreign exchange market, as well. >> as for action in the overseas markets, the u.k. is closed today for boxing day as are some of the former brish colonies. in europe the dax down
NBC
Dec 26, 2012 5:00pm EST
injuries were reported. president obama is heading back to washington thursday to negotiate with congress, a way to avert this booklet but only the senate will be back in session. >> house members have not been called back to work. >> president obama is cutting his holiday vacation sure to come back and work on a deal. any deal may be a short-term fix. president obama will be leaving forwarmth of yhawaii washington. there is no specific deal on the table. democrats blame republicans for not agreeing to end tax cuts for the wealthiest americans. >> we're not going to let the rich pay one dime more. there is something awfully wrong with that picture. the american public is seeing that. >> republicans will not agree. they see there may be room for compromise. >> i know i am not in the majority and the red states annett -- in the senate. we have to sit down and hammer something out. >> if no deal is reached, americans will see their income taxes go up. 2 million peoplwill lose their jobless benefits. $110 billion in spending cuts will hit federal agencies. analysts predict fewer companies wil
FOX Business
Dec 26, 2012 6:00pm EST
representatives to say no more taxes. what do you say? >> first of all, as you know, from congress to the senate and people in his or her state -- this pledge is protecting american people through tax increases. we haven't had a republican republican vote for a tax increase in 22 years. that has really slowed down the growth of government from what it would've been otherwise. now, obama comes in and wants to spend more and raise taxes. republicans are saying no. we would have a problem if obama hadn't increased the budget by a trillion dollars more a year. gerri: let's face it, whether you're talking about stimulus spending, obamacare, that's3 going to go through the roof, the things that you're going to pay for all this with higher taxes is lunacy, to say the least. on that note, we're going to have to leave it there. thank you for coming, grover. we hope to see you in the new year. christmas sales were weaker than expected. so now retailers have to give shoppers deeper discounts. in a new proposal to help struggling homeowners. don't worry, the government will take care of you. we w
FOX News
Dec 26, 2012 3:00pm PST
unemployment benefits and reverting to the 250,000 level on taxes. >> i asked leaders of congress to work toward a package that prevents a tax hike on middle class americans, protects unemployment insurance for 2 million americans. lays the groundwork for further work on growth and deficit reduction. >> that means taxes go up for some now and spending cut on medicare and other programs are kicked to another date. >> what the president offered so far won't do anything to solve the spending problem and begin to address the crippling debt. >> gallup in early december saying 58% of the public thought we'd avert the fiscal cliff. new poll shows it's dipped to 50% thinking that. the public thinks we are headed for a big problem. >> doug: breaking news from treasury secretary geithner it go about the debt ceiling. are we about to go to default? >> yes and no. secretary gite it go says today that we will hit debt ceiling on december 31, new year's eve. it only buys a couple of months. it proves even if we get through the fiscal cliff situation we are headed for a major showdown next year. >> doug
NBC
Dec 26, 2012 12:00pm EST
vacation short to return to the capital. hallie jackson has latest. >> congress will also return to town tomorrow, but with new year's just a few days away a plan to avoid the fiscal cliff may come down to the wire. president obama spent part of this christmas greeting troops and how why he. >> not only do we have the finest military in the world -- >> but tonight he will leave the state for washington, and a state of gridlock, calls it -- as they struggle to come to a compromise to avoid tax hikes and spending cuts. members of both the house and senate are also heading back to capitol hill tomorrow. after the holiday break the president hopes will provide perspective. >> everybody can cool off, everybody can drink some eggnog and have some christmas cookies. >> and return to washington after speaker john boehner failed to get enough support for muslim party for a plan b that the bill that would raise taxes for those making more than a million dollars a year. >> what the president has offered so far simply would not do anything to solve our spending problem and begin to address the natio
MSNBC
Dec 26, 2012 11:00am PST
the country back from the economic edge. only half of congress is going back to business at andrews. the senate will be in session and the house on holiday. democrats in the house were amping up the pressure. house gop puts middle class americans in jeopardy while clinging to tax cuts for the wealthy. no 48 notice on house votes. the potus on his way to d.c. to address fiscal cliff for the middle class with six days left to act. gop still mia. joining me now from hawaii, kristin welker. was the president expected? >> we did expect that given there was no deal on the fiscal cliff that he would have to return early from his hawaiian vacation. he will be flying out late or this evening. the first lady and the first daughters continuing his hawaiian vacation. he will find himself in a similar situation. the negotiations are largely deadlocked. just to give you a sense of how we got to where we are, if you go back to last week, it seemed like the house and speaker were getting close to getting a big deal that would have included tax reform and deficit reduction. that fell apart. house sp
MSNBC
Dec 26, 2012 12:00pm PST
congress work. getting the senate to the agreement and running out the clock and calling the house republicans back. it's hard to see how they can vote on something before newier's eve. >> marty, to steve's point, one of the major source of pain is the payroll tax cut. when they negotiate a deal, unfortunately it's going away. i was taking a look at something nate was writing as he wants to do, talking about the numbers here. specifically looking at the break down of who was in the house. between tea party republicans of which there is a lot and blue dog democrats of which there few and liberal democrats. he is basically making the point that if boehner does want to stick with the principal that he is going to pass something with a majority of his caucus, he will need a significant amount of support or some support from liberal democrats, not just blue dogs. what kind of a deal could realistically get to the house that holds together most of the caucus and also brings along some liberal democrats? >> that's where we are stuck. if we can figure this out, you know that john boehner a
CNBC
Dec 26, 2012 2:00pm EST
. rick, thank you so much. >>> meantime, the president is headed back to washington early, but congress still on christmas vacation which means we are no closer to solving the fiscal cliff yet. john harwood, five days to go, i am calm today. is this the calm before the storm? >> first of all, merry christmas, brian. >> merry christmas, john. >> it is possible that it's the calm before the storm if by storm, you mean a flurry of last minute deal making. a senate democratic leadership aide told me that there's still a 50/50 chance we will get a deal before january 1st, but that's the only optimistic voice i've heard today. a senior white house official told me that when i asked is there any signs of holiday progress, you know the president said go home, members of congress should go drink an eggnog and hang with their family and come back in a better mood. one word answer, no. no signs of progress and the republican leadership aide in the senate, mitch mcconnell is going to be crucial to a potential last minute breakthrough. we haven't heard anything from the democrats. so at this moment,
PBS
Dec 26, 2012 3:00pm PST
treatment. >> warner: as congress comes back to washington to resume fiscal cliff negotiations, we ask, what happens if they don't reach a deal? >> ifill: we talk with a representative of egypt's muslim brotherhood about the new brotherhood-backed constitution signed into law today. >> warner: and we have another of our conversations with retiring members of congress. paul solman sat down with the always outspoken massachusetts democrat barney frank. >> the notion that people would not go along with an important public policy because i hurt their feelings, i don't think that's true. >> ifill: that's all ahead on tonight's "newshour." >> major funding for the pbs newshour has been provided by: >> and with the ongoing support of these institutions and foundations. and... >> this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> ifill: a major winter storm surged into the midwest and northeast, fouling flight schedules and ruining road conditions on this day after christmas. the huge weat
MSNBC
Dec 26, 2012 2:30am PST
. >> there is hope a deal will be cut. >> reporter: if congress doesn't oaks spire tax cuts in day, middle income earners will owe $2,000 extra a year. consumers are predicted to cut back in automotive, apparel and entertainment. >> once people decide to cut back on that, the effect is dramatic. >> reporter: the national retail federation says retailers support 1 in 4 american jobs and if the downward trend intensify, those jobs would be at risk. >> if retailers stop creating job, the economy as a whole will stop creating jobs. >> reporter: the wait is e excruciating. president obama visited hawaii after talks on capitol hill. they were $200 billion apart on a deal. >> the president was $2200 billion higher on revenues and speaker boehner, $200 billion on spending cuts. >> if you get 80% of what you want, that's a pretty good day. >> reporter: tough decision ahead, six days left. >> lawmakers are saying they will likely take on tax reform and spending cuts again in the new year when the debt ceiling debate heats up. richard, back to you. >> looks like they will be working over the new year
MSNBC
Dec 26, 2012 2:00am PST
. >> reporter: if congress doesn't change tax cuts in day, middle income earners will owe extra by the end of the year and they will cut back on auto industry, apparel and entertainment. >> once they cut back on that, that will be dramatic. >> reporter: retailers support 1 in 4 american jobs and if the downturn intensifies, those jobs are at risk. >> if retailers stop creating jobs, the economy as a whole stops creating jobs. >> reporter: the weight is excruciating for some and president obama left them $200 billion apart. >> the president was $200 billion higher on revenues and speaker boehner, $200 billion higher on spending cuts. >> if you get 80% of what you want, that's a pretty good day. >> reporter: tough decisions ahead, six days left. >> lawmakers will likely take on spending reform and tax cuts when the debate heats up. >> looks like they will be working over the new year. >>> a note was left by a suspected shooter that killed two firefighters christmas eve in new york. more details on the person already convicted of murder. >> reporter: police say the christmas eve ambush of four v
FOX News
Dec 26, 2012 8:00am PST
negotiations with congress. talks fell apart before christmas. the deadline now is just days away and there is no deal in sight to avoid the tax hikes and spending cuts set to go into effect january 1st. our juan williams is a fox news political analyst and he joins us today and very quickly, juan, merry christmas to you. >> merry christmas, kelly. kelly: this is daunting task facing congress to avert the so-called fiscal cliff that will set into motion more than $600 billion in drastic and draconian allic tax hikes and spending cuts. that will cause a lot of pain for all americans and does congress have enough time to act on this? >> they do. you know it will be very close and it may in fact go beyond the deadline per se although people are thinking at the moment it is possible to get something done by the end of this week. the key here, kelly, is the senate. we have been so focused on the house, speaker boehner, plan. about, plan b falling apart. now speaker boehner is pointing towards the senate and the white house is pointing towards the senate as a place where we might get bipart
FOX Business
Dec 26, 2012 1:00pm EST
decades, everybody knows that. and the fhfa following congress, the regulator for fannie mae and freddie mac have been raising those fees. we're now at a point where we're getting close to them being self-sustaining. in 2013 they're supposed to go up again, probably another 1/5 of a percent. that will put them at a point where the private sector can start coming back in this market. that is important because the federal government has no capital backing the 10 trillion dollar market, absolutely none. tracy: right. >> fha is insolvent. we need to bring the private sector back where you will have real money backing this, backing this market. earning real returns. and that's why it's so important having these guarantee fees being raised. tracy: you know, ed, we have run out of time. this is fodder for another day. we have to talk about how we'll unwind this. to me that will be really ugly, fha, between fannie and freddie and all that. that could take years. >> it could take years but you have journey of a thousand miles starts with a single step. tracy: i agree. ed pinto, thank you
NBC
Dec 26, 2012 5:00am EST
. >> congress is heading backed to washington tomorrow. any plan may come down to the wire. president obama spent part of his christmas greeting troops in hawaii. tonight he leaves for washington and a state of gridlock as lawmakers struggle to come to a compromise. members of the house and senate are heading back to capitol hill tomorrow. >> everybody can pull off and drink some eggnog and have some christmas cookies. >> and return to washington after john boehner failed to get enough support for a plan b that would raise taxes on those making more than a million dollars a year. >> it begin to address our nation's crippling debt. >> with the january 1 deadline quickly approaching, some are worried we could fall off. >> it would be the most colossal act of congressional irresponsibility in a long time if that happens. >> some strong words from senator lieberman. the president is expected to arrive tomorrow morning. >> how promising does is look that they will find a solution? >> we have heard president obama and speaker john boehner calling each other optimist. 50% of americans do that thin
MSNBC
Dec 26, 2012 4:00am PST
congress. they will avoid the fiscal cliff, and they'll do it in a way that will produce a budget agreement either in this lame-duck session or in the first couple of months of next year. that's what i think will happen. >> there's the part of the conversation every year that drives mika crazy when i talk about how we all, in the 1990s, worked together despite some pretty tough differences. >> we didn't in 1995. we had a pretty rough '95. >> '95 was an ugly year. there were a couple of other ugly years. >> but the other ugly years we already had a modus operandi of working together. if you look at what was accomplished in '98, '99 and 2000, they were good years. the only desert year was 1999. >> i faulk specifically about 1999 because people will poke at me when i talk about how you and the republican congress worked together. i say no, you should look at 1999 because even in the worst of times, the president's people were talking to leaders of congress. >> every day. >> and somehow even in the worst of times, even in a constitutional crisis, government worked. people put the coun
FOX News
Dec 26, 2012 2:00am PST
return to guaranteeing loans at risk of defaulting. the proposal would have to be approved congress. >>> president obama is spending christmas with some of the nation's bravest men and women. greeting marines at a gays near their vacation home in hawaii paying tribute to them and their family. an annual vacation tradition for president obama. that is your 5@5:00. >>> speaking of the president. fox news confirming he will be cutting his vacation short to get back to work on the fiscal cliff. peter doocy has more. >> president obama will departed hawaii for washington, d.c. late tonight leaving his wife michelle and daughters sasha and malia behind. the latest guidance we have from white house is that the president will be back here in the nation's capital where it is presently 36 degrees sometime tomorrow morning. united states government is set to go off the fiscal cliff on new year's day. at this point we don't know if the president plans to return at the to hawaii if the tax hikes are avoided well in advance of the of the new year. he's there to talk to himself. john boehner will
MSNBC
Dec 26, 2012 1:00pm PST
closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. >> they were this close. they were this close to a solution. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i believe we are. >> be republican and be conservative and pass a bill that cuts tax. >> boehner has no control over his extreme right wing faction. >> should anybody's taxes be raised at this point? answer yes or no. >> no. no. ♪ >> we begin as president obama and the senate head back to washington set for one last effort to avert the first fiscal cliff. aloha means good-bye for the president as he packs bound for the white house tonight. the president cutting short his vacation leaving michelle and the girls behind as he gets back to work to try to prevent tax increases and spending cuts due to begin next week. there's just one problem. it appears there would be no house republicans to help hammer out a deal. the gop leadership has not yet called their m
CSPAN
Dec 26, 2012 7:30am EST
branches of government, and two of them are political. and if you don't like what the congress is doing, the congressmen, you can throw them out of office. if you don't like what the president's doing, you can throw him out of office. if you don't like what i'm doing, it's just too bad. [laughter] and, now, most people would say how can that be? you do, the cases are pretty important, and you need to understand is, well, it's because the framers didn't want the courts to be making political decisions. t quite the contrary. they wanted them to be able the to make decisions that people would not agree with, and that's why we have life tenure and why our compensation can't be diminished. they recognize that they were establishing certain rights, and they recognized that they would be unpopular from time to time. you know, flag burning. i think that's a horrible thing. i think it's a horrible thing that people burn the flag. but ial understand that they have -- but i also understand that they have the first amendment right to do so. now, would the supreme court have held there's a first ame
CSPAN
Dec 26, 2012 5:00pm EST
, ranking member smith, i am grateful for the efforts of congress and this community for continued to shine a light on this important issue. it is a con and crowded with security challenges. -- a continent crowded with security challenges. thank you for the opportunity to discuss this important issue with you today and i look forward to your questions. >> thank you very much, secretary carson. mr. chairman, ranking member smith, members of the committee, thank you very much for the invitation to testify today on the crisis unfolding in the eastern democratic republic of the condo, also referred to as the drc. the security and humanitarian situation of the drc is the most volatile and pilots in africa today. an estimated 5 million people have lost their lives since 1998 and millions more have been uprooted in its place. the current crisis is simply the latest iteration. the rapid fall of goma last month to the condoleezza rebel group known as the m23 provided a stark reminder -- to the condoleezza rebel group. -- congolese rebel group. at the highest levels of united states government,
NBC
Dec 26, 2012 6:00pm EST
say the deadline is not as firm. congress could pass a temporary measure early that would roll back any changes. political analysts warn some consequences may be immediate. >> maybe a tremendous response and that would alarm everybody. >> stock prices dropped friday after a republican-led plan collapsed. nearly half of americans are doubtful the two sides can settle their differences. >> when the uncertain. tax rates will go up on 30 million households at least. that is something the politicians are going to respond to. >> house republican leaders called on the senate to pass to bills they said would avoid the fiscal cliff. republicans said the lines of communication are still open but the house will not act until the democratically controlled senate does. >> at the maryland due in baltimore, the african lions were not in their native habitat because it was snowing. the weather was so bad that these do closed -- the zoo closed for the day. the snow did not bother the residents of this lion park pret. >> they are tougher than the ones in maryland. we had a couple of inches of snow th
PBS
Dec 26, 2012 1:00am PST
and that when he was in his 30s i think after he was defeated for congress he decided to read euclid to improve his reasoning. >> father of geometry. >> right. and i thought, that's weird. why wouldn't you read a book of traditional rhetoric or of logic. why would you read geometry? and then i thought but of course because lincoln wasn't just a linear thinker. lincoln thought volumetrically. and i got the book, and even though i'm essentially innumerate, and didn't do well in geometry at all, i decided to try and read it and see is there anything interesting here. and this is the very first, one of the very first things you read is this a self, this is a self-evident truth about equality that euclid starts his introduction into how the physical universe in a sense is constructed and can be comprehended by talking about equality. and i thought, well you know, lincoln, nothing escapes him, and this is an interesting thing. and so when i was -- this is a moment. this is the moment of great decision where he has to decide whether he's going to try and actually push the amendment through
FOX News
Dec 26, 2012 3:00am PST
and enjoy the company of loved ones and ask every member of congress when they are back home to think about that. think . obligations of people who cent us here. >> speaker boehner is expected to return to dc any time he with drew the republican plan b deal that extends tax cuts to everyone under millionaire. he was confident that the cliff could be avoided last time we heard from him. >> of course, hope springs eternal and i know we have in us to come together and do the right thing. we'll work on a plan to protect families and small businesses. >> and so there is time for a in person meeting. >> we are getting some twitter for rick. what is new york city looking like with a nor'easter on thursday. i want to know the answer on that. deadly storm system that pounded the midwest with storm and thousands of tornados heading northeast this morning. oh, my god. that is a tornado. oh, wow. oh, jesus, look at that tornado. >> gretchen: that funnel cocloud was spot indeed mobile, alabama and 10s of thens of people now without power. >> i prayed to god as loud as i could . praying for m
KRON
Dec 26, 2012 6:00am PST
traded session which was stored for a holiday. investors remain concerned that congress and the administration will be unable to break the deadlock in talks to resolve the looming fiscal cliff crisis. president obama is ending his out vacation in hawaii today to make a late bid to reach a deal before the year and. the white house that he should be back in washington tomorrow when house and senate members are expected to reconvene. new this morning a car bomb had outside the u.s. base in eastern afghanistan has killed three people and injured six civilians. afghanistan police say the blast killed a security guard and two truck drivers delivering supplies. the tal bang claims responsibility for the attack which happened after a minibus stop at a deep for a security check. the international security assistance for says the base has been secured. if sampras as the woman will be arraigned today on charges of vehicular manslaughter that killed one pedestrian and injured two others in the twin peaks area. the 56 year-old died last week after a car hit her at the twin peaks lookout poin
FOX
Dec 26, 2012 7:00am PST
returns if congress doesn't avoid the fiscal cliff. i wish this test drive was over, so we could head back to the dealership. [ male announcer ] it's practically yours. test drive! but we still need your signature. volkswagen sign then drive is back. and it's never been easier to get a jetta. that's the power of german engineering. get $0 down, $0 due at signing, $0 deposit, and $0 first month's payment on any new volkswagen. visit vwdealer.com today. . >>> we are tracking downpour across parts of the bay area. here is the live camera looking toward mount diablo. take a look at live storm tracker two and show you the current rainfall pattern. >> and welcome back. the president is cutting his vacation short to face the fiscal cliff. is he leaving hawaii for washington tonight. if lawmakers don't come up with a deal before the deadline your tax refund could be delayed by months. we are live in the washington bureau to explain more. >> reporter: brian the irs said without a deal as many as 100 million taxpayers may be forced to wait until march to file their tax returns. congress has to
CSPAN
Dec 25, 2012 10:45pm EST
trying to get congress to raise the salaries including supreme court justices in the private sector but even compared to the senior law professor there is a great gap. i went back and looked at the same issue in 1810 the of the story on a martial court that talked about his salary and complained to the congress and asked for a raise complaining that daniel webster one of the advocates of making 30 times as much and then looked at the scene issue in 1860 and chief justice said the same thing. the retired general's and the civil war that are making more than we are. so, the trace the evolution of a lot of these customs and practices that the way i went about this institutional history is the anecdotes because i really wanted to give color and life because as we write about the institutional practices people will fall asleep, so why use letters, diaries, old interviews come current interviews to try to bring it to life. do you want me to talk about some of my favorite sources? so, a lot of the sources are very well known to the scholars, but some of them have been neglected or haven't
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